Fund Description

The fund invests primarily in common stocks, most with a history of paying dividends, generally limited to companies on an eligible list updated based on factors such as the fund's objectives and policies, company quality, and dividend payment prospects. It focuses on medium to larger capitalization companies but is not limited by capitalization size. Security selection emphasizes potential for capital appreciation and future dividends over current yield. It may invest up to 15% of assets outside the United States at the time of purchase. The adviser uses multiple portfolio managers, dividing the portfolio into segments, and may sell securities when the investment adviser believes they no longer represent relatively attractive investment opportunities.